Teachers Retirement System of The State of Kentucky Trims Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Teachers Retirement System of The State of Kentucky lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,461 shares of the transportation company’s stock after selling 280 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in C.H. Robinson Worldwide were worth $833,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $1,051,000. Norden Group LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $4,585,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in C.H. Robinson Worldwide by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock worth $16,301,000 after purchasing an additional 26,156 shares during the last quarter. Cetera Advisors LLC purchased a new position in C.H. Robinson Worldwide during the first quarter worth approximately $6,665,000. Finally, Janney Montgomery Scott LLC raised its stake in C.H. Robinson Worldwide by 30.6% during the first quarter. Janney Montgomery Scott LLC now owns 144,984 shares of the transportation company’s stock worth $11,039,000 after purchasing an additional 33,995 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHRW shares. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. TD Cowen upped their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a report on Tuesday, July 9th. Finally, Barclays increased their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $99.53.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $106.73 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $110.51. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The firm’s fifty day moving average price is $101.60 and its 200 day moving average price is $88.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.